Thread by @CryptoLawUS

JUST ADDED to our Document Library:
✅Motion from @Ripple @bgarlinghouse and @chrislarsensf to Compel the @SECGov to Provide Responses that "Eliminate the Need to Prove Facts About Which There is No Real Dispute" on #XRP (1/8 of a thread) 👇
crypto-law.us/wp-content/upl…

(2/8) SEC document production so far has included "at least 57 unique inquiries submitted over a period of more than 29 months asking the SEC whether it considered #XRP a security" & SEC always responded it "had not made a determination" as late as Oct 2020.

(3/8) @Ripple sought to confirm the "undisputed fact" that the SEC was asked multiple times by market participants and never stated #XRP was a security to any of these inquiries, but the SEC refused, saying "market participants" is "vague and ambiguous."

(4/8) The SEC added it "lacks sufficient information to answer" that @Ripple request despite it being directly about communications that go to and from the @SECGov!

(5/8) The @SECGov was also caught in double-talk about when #XRP first appeared on its Watch List, first telling the Court it was 4/13/18, then denying it later, then claiming prior statements were in "error" & refusing to clarify.

(6/8) Also, we see that @chrislarsensf made a presentation about #XRP in Oct 2013 to the @SECGov @USTreasury @federalreserve @FDICgov @FinCEN_nUSA @IRSnews @FBI & many other agencies, but the SEC refuses to answer any requests for info from the Defendants about that presentation.

(7/8) The @SECGov has also refused to even affirm it never issued a no-action letter on any digital asset before 4/2019 because the phrases "relating" or "pertaining to a digital asset" are "vague and ambiguous."

(8/8) The motion lays bare to the judge how illogical and legally indefensible the @SECGov's evasion has become, and reflects the confusion #XRPHolders suffer in the face of no clear rules, no level playing field and regulation by enforcement.